Having sold the logistics activities in Africa, it is now the turn of the whole Transport and Logistics division to leave the Bolloré portfolio. Bolloré announced today that it has entered into exclusive negotiations with the CMA CGM Group to sell its Transport & Logistics business for a €5bn cash-free/debt-free enterprise value. This move comes as a surprise given Bolloré’s long-standing appeal in the sector and its leadership position, but does make sense from a financial perspective.